ON 'CHANGE.

Auckland Star, Volume LXXI, Issue 162, 10 July 1940, Page 4

ON 'CHANGE.

MARKET STILL FIRMING. MORE LIFE APPARENT. SELLERS APPEARING. I here was more life at the morning call of the Auckland Stock Ex-hange to-day and a larger number of sellers appealed. The trend is still upward, as can bo seen by two sales of breweries—New Zealands yesterday afternoon and Dominion this morning. That yesterday was £1 12/, aa against £1 10/3 previously, and the sale this morning, £1 !), 9, compared with £1 8, 3. Most interest at the call was shown in Farmers' Trading, even though no saie resulted. Buyers Jumped from 17 6 to 18,6 in a quick succession of bids, while holders conceded 6d to be willing to quit at 19/. This new interest of sellers wan one of the features of the call. Buyers for Devonport Ferries rose from 19/6 to the price of the eale; and there are still buyers at that figure. Banks and insurances shared in the rise. For Bank of New Zealand there are now buyers at £2 0/3, with sellers only 3d away. Yesterday afternoon sellers weie at £2 1/. Not since May 28 were buyers as high as the figure to-day. On that day there was a sale at that figure. Then, however, the market was on its way down, not up. More sellers also appeared for Government stocks. The Noon Call. A sale of Bank of New Zealand at £2 0/3 was reported at the noon call, and, with holders still 3d away, buyers are still willing to give that amount. New Zealand Insurance buyers have advanced 3d to £2 16/9, while bidders for South British Insurance have withdrawn their offers 6d to £2 4/6. Another eale of Devonport Femes took place, this time at £1 1/. Buyers for Dominion Breweries receded 3d to £1 9/ 4 but for New Zealand Breweries the buying quote rose 1/ to £1 11/6, while holder* now are silent. There were fewer sellers for Goverainent issues at the noon call.

SALES COMPLETED. AT THE 3.1 • P.M. CALL VUTUOAV— Last Ml*. £a 4 i a d K.Z. Breweries . 1 12 0 .. 1 10 3 AT THB 10 A.M. CALL TO-DAY— Devon. Ferry .. 10 6.. 120 Dom. Brewery . 10 0.. 183 Stock, 15/11/-38-41, 31 p.c. ... 100 0 0 ..100 0 0 AT THB 12.15 P.M. CALL TO-DAY— Bank of N.Z. .. 2 0 3.. 2 0 0 N. Iloller Mills 010 O .. 018 3 Devon. Ferry .. 110.. 106 THE LATEST QUOTATIONS. Buyers. Sailer*. DANK*. INSURANCE, FINANCE— Bank A'aala 8/0/0 .. — Nat. Bank N.Z 1/15/6 .. — Bank of N.S.W 25/10/0 .. — Bank of N.Z 2/0/3 .. 2/0/« Nat, Insurance 17/3 .. 18/3 N.Z. Insurance 2/16/9 .. 2/18/0 South Brit. Insur. .. 2/4/6 .. 2/7/0 Standard Insurance . 2/14/0 .. 2/16/0 Dom. Invest. Banking 17/6 .. IS/3 COAL, OMi SHIPPING— Auckland Gas (f.p.) 8/0 .. 9/0 Devonport Ferrjr .... 1/0/6 .. — MISCELLANEOUS— Dom. Brew, (ord.) .. 1/0/0 .. 1/10/0 N.Z. Breweries 1/11/6 .. — Bycroft 1/18/6 .. — Consol. Brick 7/3 .. 7/6 Farm. Trading 18/6 .. 10/0 M.K. Manufacturers . 5/0 .. 5/0 N.Z. Drug 3/11/0 .. — N.Z. Farm. Fertiliser 18/6 .. — N.Z. Newspapers .... 1/6/0 .. — N.Z. Paper Mills .... 1/4/6 .. ' — N. Roller MJils (ord.) 18/3 .. 10/6 W'llsons Cement .... 17/0 .. 10/0 Woolworth (N.Z.) .. 14/0 .. 16/0 INSCRIBED STOCK— 15/7/39-41, 8 p.c 101/0/0 .. — 15/1/53-57, 3J p.c. .. 100/O/O ..100/10/0 15/11/38-41, Hi p.c. .. 80/10/O* .. 13/3/40-43, 4 p.c 101/5/O . . —> 15/2/43-10, 4 p.c 102/15/0 .. 'U 15/4/40-40, 4 p.c 103/O/O .. 104/0/0 15/5/40-52. 4 p.c 102/15/0 .. — 15/6/52-53, 4 p.c IUB/0/0 .. — 31/5/54-58, 4 p.c 103/0/0 .. — DEBENTURES— Auck. Harb. Board, 0/7/55, 4i p.c 103/0/0 .. 106/0/0 S. Canty. Power Brd., 1/3/62, 4| p.c 105/0/0 .. 107/0/0 Auck. Gas (perp. deb. •tock, 5 p.c.) 98/10/0 ..100/10/0